Switchgear Market Forecast and Opportunities, 2025 | TechSci Research

GLOBAL SWITCHGEAR MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com

2
Scope of Report
Product of Interest (POI): Switchgear
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year RangeSWITCHGEAR MARKET
INSULATION
• Air Insulated
• Gas Insulated
• Others
REGION
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global switchgear market is projected to grow from around $ 100 billion in 2019 to $
155 billion by 2025. Switchgears are switching devices designed to protect,
regulate & control power generation, transmission & distribution equipment and
electric motor control systems. They are located on both the low voltage and high
voltage side of large power transformers in substations. Based on insulation,
market can be segmented into air insulated, gas insulated and others.
Market Segmentation
PRODUCT
• Miniature Circuit Breaker (MCB)
• Molded Case Circuit Breaker
(MCCB)
• Earth Leakage Circuit Breaker
(ELCB)
• Residual Current Circuit Breaker
(RCCB)
• Others
VOLTAGE
• Low
• Medium
• High
INSTALLATION
• Indoor
• Outdoor
END USER
• Transmission & Distribution
Utilities
• Industrial
• Residential
• Commercial
• Others

3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Switchgear Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Insulation (Air Insulated, Gas Insulated, Others)
5.2.2. By Installation (Indoor, Outdoor)
5.2.3. By Voltage (Low, Medium, High)
5.2.4.
By Product (Miniature Circuit Breaker (MCB), Molded Case Circuit Breaker (MCCB), Earth
Leakage Circuit Breaker (ELCB), Residual Current Circuit Breaker (RCCB), Others)
5.2.5.
By End User (Transmission & Distribution Utilities, Industrial, Commercial, Residential,
Others)
5.2.6. By Company (2019)
5.2.7. By Region
5.3. Product Market Map
6. Asia-Pacific Switchgear Market Outlook
6.1.1. By Value
6.2.1. By Insulation
6.2.2. By Installation
6.2.3. By Voltage

4
6.2.4. By Product
6.2.5. By End User
6.2.6. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Switchgear Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Voltage
6.3.1.2.2. By Product
6.3.1.2.3. By End User
6.3.2. India Switchgear Market Outlook
6.3.2.1.1. By Value
6.3.3. Japan Switchgear Market Outlook
6.3.3.1.1. By Value
Table of Contents

5
6.3.4. South Korea Switchgear Market Outlook
6.3.4.1.1. By Value
6.3.5. Australia Switchgear Market Outlook
6.3.5.1.1. By Value
6.3.6. New Zealand Switchgear Market Outlook
6.3.6.1.1. By Value
6.3.7. Indonesia Switchgear Market Outlook
6.3.7.1.1. By Value
Table of Contents

6
7. Europe Switchgear Market Outlook
7.1.1. By Value
7.2.3. By Voltage
7.2.4. By Product
7.2.5. By End User
7.2.6. By Country
7.3. Europe: Country Analysis
7.3.1. France Switchgear Market Outlook
7.3.1.1.1. By Value
7.3.2. Germany Switchgear Market Outlook
7.3.2.1.1. By Value
Table of Contents

7
7.3.3. United Kingdom Switchgear Market Outlook
7.3.3.1.1. By Value
7.3.3.3. 7.3.3.2.3. By End User
7.3.4. Italy Switchgear Market Outlook
7.3.4.1.1. By Value
7.3.5. Spain Switchgear Market Outlook
7.3.5.1.1. By Value
Table of Contents

8
7.3.6. Russia Switchgear Market Outlook
7.3.6.1.1. By Value
8. North America Switchgear Market Outlook
8.1.1. By Value
8.2.3. By Voltage
8.2.4. By Product
8.2.5. By End User
8.2.6. By Country
8.3. North America: Country Analysis
8.3.1. United States Switchgear Market Outlook
8.3.1.1.1. By Value
Table of Contents

9
8.3.2. Canada Switchgear Market Outlook
8.3.2.1.1. By Value
8.3.3. Mexico Switchgear Market Outlook
8.3.3.1.1. By Value
9. South America Switchgear Market Outlook
9.1.1. By Value
9.2.3. By Voltage
9.2.4. By Product
9.2.5. By End User
Table of Contents

10
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Switchgear Market Outlook
9.3.1.1.1. By Value
9.3.2. Argentina Switchgear Market Outlook
9.3.2.1.1. By Value
9.3.3. Peru Switchgear Market Outlook
9.3.3.1.1. By Value
9.3.4. Chile Switchgear Market Outlook
Table of Contents

11
9.3.4.1.1. By Value
10. Middle East & Africa Switchgear Market Outlook
10.1.1. By Value
10.2.3. By Voltage
10.2.4. By Product
10.2.5. By End User
10.2.6. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Switchgear Market Outlook
10.3.1.1.1. By Value
10.3.1.2.3. By End User
Table of Contents

12
10.3.2. Saudi Arabia Switchgear Market Outlook
10.3.2.1.1. By Value
10.3.2.2.3. By End User
10.3.3. UAE Switchgear Market Outlook
10.3.3.1.1. By Value
10.3.3.2.3. By End User
10.3.4. Egypt Switchgear Market Outlook
10.3.4.1.1. By Value
10.3.4.2.3. By End User
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
Table of Contents

13
13. Policy & Regulatory Landscape
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Top 10)
15. Strategic Recommendations
16. About Us & Disclaimer
Table of Contents

15
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global switchgear
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global switchgear
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

16
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global switchgear market. The team has
market, while considering the major influencing factors such as growing investments in renewable forms of energy and surging demand
The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as switchgear
users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 switchgear manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other
market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation
out, to arrive at the market size data during 2015-2019.

17
• Respondents were asked about the current and future market growth rates, market shares by insulation, by installation, by voltage, by product, by end user, by each region, by
company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to
arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by insulation, by installation, by voltage, by product, by end user, by region and by company were calculated based on the responses received through primary
surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product types of switchgear. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global switchgear market, TechSci Research used
various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis

18
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
 Bharat Heavy Electricals Ltd.
 Mitsubishi Electric Corporation
 CG Power and Industrial Solutions Limited
 Siemens Aktiengesellschaft
 General Electric Company
 Eaton Corporation plc
 ABB Ltd.
 Alstom SA
 Schneider Electric SE
 Havells India Limited
 World Bank
 International Monetary Fund (IMF)
 TechSci Research Proprietary Database & Knowledge Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 News Dailies
 Credible Paid Databases

19
INDUSTRY BRIEF
According to TechSci Research report, “Global Switchgear Market By Insulation, By Installation, By Voltage, By Product, By End User, By Region, Competition,
Forecast & Opportunities, 2025”, the global switchgear market is projected to surpass $ 155 billion by 2025 on account of increasing demand for electricity,
growing implementation of smart grid technology, and rising investment in upgrading transmission and distribution systems. The global switchgear market is
segmented based on insulation, installation, voltage, product, end user, region and company. Based on insulation, the market can be categorized into air
insulated, gas insulated and others. The gas insulated segment is likely to dominate the market owing to their feature of serving different needs at varying
voltage levels in various end user industries.
Based on installation, the market can be divided into indoor and outdoor, of which the latter is projected to register the highest CAGR during the forecast
period on account of their use in transmission and sub-transmission sectors. Based on voltage, the market can be fragmented into low, medium and high.
The low voltage segment is expected to hold the largest market share and dominate the market during forecast period on account of high demand. Based
on end user, the market can be segmented into Transmission & Distribution Utilities, Industrial, Commercial, Residential and Others. The Transmission &
Distribution Utilities segment is expected to continue its dominance during the forecast period.
Bharat Heavy Electricals Ltd., Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Siemens Aktiengesellschaft, General Electric
Company, Eaton Corporation plc, ABB Ltd., Alstom SA, Schneider Electric SE, and Havells India Limited are some of the leading players operating in the
global switchgear market. “Asia-Pacific switchgear market is expected to be the largest market during the forecast period. Countries such as China and India are
undertaking a large number of smart grid and substation projects to fulfil the growing demand for energy. This factor would drive the switchgear market in the
region over the course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting
firm.

20
SAMPLE DATA - SNAPSHOT
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
2015 2019 2020E 2025F
By Value (USD Million)
Global Switchgear Market Size, By Value (USD Million), 2015–2025F
XX% XX%
Europe Switchgear Market Share, By Insulation, By Value, 2015–2025F
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Others
Gas Insulated
Air Insulated
Germany Switchgear Market Share, By End User, By Value, 2015–2025F
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Transmission & Distribution Utilities Industrial Commercial Residential Others

21
REPORT ORDERING
License Type Price
Electronic Access - Single User License $4450
Electronic Access - Multi-User License $5450
Custom Research License $9450
Report Price
To View Sample OR Purchase Report
Report Name: GLOBAL SWITCHGEAR MARKET
FORECAST & OPPORTUNITIES
2015 – 2025

About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a
unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the
result is a uniquely rich evaluation of the opportunities available in the market.
Related Reports
• India Motor Control Centers Market By Type (Intelligent v/s Conventional), By Voltage (Low, Medium, High), By Component (Busbars, Overload
Relays, Variable Speed Drives, Soft Starters, Others), By Standard (IEC, NEMA, Others), By End User Industry (Oil & Gas, Chemical &
Petrochemicals, Energy & Utilities, Mining, Others), By Region, Competition, Forecast & Opportunities, 2025
• Europe Distribution Feeder Automation System Market By Product (Hardware, Software, & Services), Application (Commercial, Industrial, &
Residential), By Region, Competition, Forecast & Opportunities, 2025
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
Disclaimer
TechSci Research – Europe
54, Old brook, Bretton,
Peterborough,
United Kingdom
TechSci Research – Asia-Pacific
B – 44, Sector – 57, Noida, National Capital
Region, U.P. - India
Tel: +91-120-4523900

Switchgear Market Forecast and Opportunities, 2025 | TechSci Research

Recommended

Recommended

More Related Content

Similar to Switchgear Market Forecast and Opportunities, 2025 | TechSci Research

Similar to Switchgear Market Forecast and Opportunities, 2025 | TechSci Research (20)

More from TechSci Research

More from TechSci Research (20)

Recently uploaded

Recently uploaded (20)

Switchgear Market Forecast and Opportunities, 2025 | TechSci Research